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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Financial Reporting Studio
B) Smart View
C) Financial Statement Generator
D) Account Inspector

2. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) OTBI report
B) Financial Reporting Web Studio report
C) Account group
D) Trial Balance report

3. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

4. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Smart Slices
B) Ad Hoc Analysis
C) Query Designer
D) Smart Queries

5. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Intercompany Segment
B) Primary Balancing
C) Natural Account
D) Cost center
E) Secondary Balancing

Solutions: